Short Interest in Xiaomi Co. (OTCMKTS:XIACF) Increases By 21.3%

Xiaomi Co. (OTCMKTS:XIACF) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 26,050,800 shares, an increase of 21.3% from the August 15th total of 21,468,600 shares. Based on an average daily volume of 85,100 shares, the days-to-cover ratio is currently 306.1 days. Based on an average daily volume of 85,100 shares, the days-to-cover ratio is currently 306.1 days.

Xiaomi Stock Performance

Shares of OTCMKTS XIACF opened at $7.28 on Friday. Xiaomi has a fifty-two week low of $2.35 and a fifty-two week high of $9.00. The firm’s 50-day simple moving average is $7.01 and its 200 day simple moving average is $6.75.

About Xiaomi

Xiaomi Corporation, an investment holding company, provides hardware and software services in Mainland China and internationally. It operates through Smartphones, IoT and Lifestyle Products, Internet Services, and Others segments. The Smartphones segment sells smartphones. The IoT and Lifestyle Products segment offers smart TVs, laptops, AI speakers, and smart routers; various IoT and other smart hardware products; and lifestyle products.